Support: 18815, 18550
Game Plan: The moon shot continues after breaching the final line of resistance before 19000. 19200 is now the next projection on the upside.
Resistance: 2180, 2194
Game Plan: Still chopping between 2150 and 2180. Stay neutral and focus on Dow.
Support: 4660, 4560
Resistance: 4810, 4850
Game Plan: In no-man’s land – focus on Dow instead until there is more clarity on direction
Support: 43, 43.85
Resistance: 45.25, 46.25
Game Plan: Back to the lows after repelled from descending channel. Good risk reward long between 42.75-43 area for quick bounces towards 44 area
Support: 1213, 1193
Game Plan: Bigger picture remains very bearish as H&S pattern continues to dictate the direction. Held neckline support overnight but sell any rallies towards broken swing point of 1242.
10-Yr Treasury Note
Resistance: 126.75. 127.58
Game Plan: Truly a falling knife now threatening to break below LT descending wedge.
US Dollar Index
Game Plan: Gap above double top over the weekend and the 100 handle is now a magnet to the upside. The top of ascending channel would be a good area for tactical short near 100.2 to target a gap fill at 99
Game Plan: Following the footsteps of US Dollar Index, as it propelled above all key trendline/channel resistance and almost tested April highs.
Game Plan: Relentless squeeze continues after spiking above July swing high of 107.45, now 109.3 is next target.
Support: 1.0865, 1.0832
Resistance: 1.0950, 1.10
Game Plan: It’s all about the US Dollar, as gap down below March swing low followed with avalanche through 1.07 handle. 2016 Jan lows finally stopped the bleeding. Likely retest gap open area above 1.08
Resistance: 1.2546, 1.27
Game Plan: Spiked flash crash area just shy of 1.27 before pulling back to ST uptrend at 1.246 area before stabilizing. Continue buy the dip but recommend looking at other GBP pairs in our Pound trading plan instead due to USD strength
Support: 0.7517, 0.7450
Resistance: 0.7570, 0.76
Game Plan: Dollar strength prevailed as LT uptrend has finally broken. Sell rallies at 0.76 for ultimate target of retesting Sept lows of 0.7450
Game Plan: Getting loose now to the upside as all resistance breached and thin air until Feb swing low of 1.365 area